Refresco Acquires SunOpta for $1.1 Billion to Bolster Plant-Based Beverage Position

Refresco, a Netherlands-based drinks multinational, has acquired US-headquartered food-and-beverage group SunOpta in a bid to bolster its position in the plant-based drinks market in North America. The deal, worth approximately $1.1bn, includes SunOpta's brands such as Sown and West Life plant-based milks and its contract manufacturing business. The acquisition is expected to close in Q2, subject to customary conditions and shareholder approval.